The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
AstraZeneca: Bristol-Myers Squibb Completes Purchase of Amylin
AstraZeneca PLC (AZN.LN) and Bristol-Myers Squibb said Thursday that following the successful completion of the acquisition of Amylin Pharmaceuticals by Bristol-Myers Squibb Co (BMY), AstraZeneca has made an initial payment of 3.2 billion dollars to Amylin Pharmaceuticals (AMLN).
Pepsi Signs Myanmar Distribution Pact; Looks to Local Agricultural Investment
PepsiCo Inc. (PEP) signed an agreement with Diamond Star Co. to distribute its beverage brands in Myanmar, stepping up its expansion in emerging markets and returning the food and beverages giant to the country after a 15-year hiatus.
JPMorgan Files Formal 1Q Restatement
The bank filed a formal restatement of its first-quarter results to show that the values of derivatives positions on a London trading desk were originally overstated.
Tim Hortons Posts Higher Profit on Strong U.S. Sales
The restaurant chain said its profit rose 13% in the second quarter as same-store sales in the U.S. rose 4.9%.
Krung Thai Bank to Raise Up To THB35.23 Billion via Rights Offer
Krung Thai Bank PCL (KTB.TH) said Thursday that its board has approved a rights offering that could raise as much as 35.23 billion baht ($1.1 billion) in fresh funds for Thailand's second-largest bank by assets.
Elizabeth Arden Forecast 2013 Profit Above Estimates
The beauty products maker expects 2013 profit above estimates on stronger sales due to a larger portfolio of fragrance brands.
Thai AirAsia Targets 20%-25% Annual Revenue Growth in 2012-2016
Budget carrier Thai AirAsia is targeting 20%-25% annual revenue growth over 2012-2016, supported by a growing fleet and route expansion, Chief Executive Tassapon Bijleveld said Thursday.
Indonesia's Mandiri Sekuritas to Extend Global Reach With Singapore Office
Indonesian securities company PT Mandiri Sekuritas plans to open a Singapore office later this year to make itself more accessible to global investors, its chief executive said Thursday.
INTERVIEW: Silver Wheaton CEO Says Time is Ripe for Silver Deals
Precious metals buyer Silver Wheaton Corp. (SLW, SLW.T) announced its return to deal making after a two-year hiatus Wednesday with its largest deal ever--paying $750 million for the right to purchase gold and silver output from mines owned by HudBay Minerals Inc. (HBM, HBM.T).